Today, I am excited to announce that we’ve raised $415 million in Series C related funding, from a great group of investors: led by Softbank Vision Fund 2, with participation from Chimera, DisruptAD, B. Riley, Dogus Group, Next Play Capital and Nordstar.
What a milestone, and to think we just started out 3 and a half years ago - we never dreamt that this is what we can achieve.
What this shows is not only a great commitment to our company but to the industry and the Middle East region. Softbank and our other esteemed investors recognized the value of Kitopi’s platform to the F&B industry, and how we’re truly revolutionizing the way people access food.
Kitopi will channel the new funding to fuel its continued expansion within the Middle East and support entry to new markets such as Southeast Asia.
We will also continue to grow our strategic restaurant partnerships, build a best-in-class team across the organization while innovating and expanding our tech stack.
Our proprietary Smart Kitchen Operating System (or SKOS as we like to call it) is a suite of applications that optimizes the performance of our cloud kitchen operations in real time and today has helped over 200 F&B brands scale beyond borders. This has given customers in the region access to exceptional food on their terms, faster than ever!
Our applications have also tremendously simplified the operations for many of our F&B partners while improving the customer experience. Just ask some of the best loved brands in the business - like Papa Johns, Nathan’s Famous, Jollibee…
We recognize every single day, but today more than ever - the hard work, passion and commitment our Kitopians bring to make Kitopi a success.
Last year was challenging for the world and our industry and we’re mindful of all the personal struggles we’ve had to overcome. Despite everything, we’re here and we’ve reached a new milestone and for this, we’re grateful.
Looking ahead, what does this mean for Kitopi?
We will continue building a culture that will make sure Kitopi is the best place to work, create, build, and innovate
We will continue to put the customer first, in everything that we do, building a great customer first business
We will remain humble and keep our eyes on our mission: to satisfy the world’s appetite
For all of you who have been following our journey, we want to thank you for your continued support, and for believing in us and the region. We are excited to take what we do to other parts of the world.
Mo (on behalf of Kitopi)